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Kura Sushi (KRUS) Stock Sinks As Market Gains: Here's Why
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The latest trading session saw Kura Sushi (KRUS - Free Report) ending at $60.56, denoting a -0.13% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.39%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.2%.
The company's shares have seen an increase of 16.03% over the last month, surpassing the Retail-Wholesale sector's gain of 4.39% and the S&P 500's gain of 5.28%.
Analysts and investors alike will be keeping a close eye on the performance of Kura Sushi in its upcoming earnings disclosure. The company is expected to report EPS of -$0.13, up 38.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $52.2 million, up 32.76% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.43 per share and a revenue of $241.15 million, indicating changes of +207.14% and +28.66%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Kura Sushi. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 7.86% decrease. At present, Kura Sushi boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Kura Sushi currently has a Forward P/E ratio of 141.02. This valuation marks a premium compared to its industry's average Forward P/E of 20.08.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kura Sushi (KRUS) Stock Sinks As Market Gains: Here's Why
The latest trading session saw Kura Sushi (KRUS - Free Report) ending at $60.56, denoting a -0.13% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.39%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.2%.
The company's shares have seen an increase of 16.03% over the last month, surpassing the Retail-Wholesale sector's gain of 4.39% and the S&P 500's gain of 5.28%.
Analysts and investors alike will be keeping a close eye on the performance of Kura Sushi in its upcoming earnings disclosure. The company is expected to report EPS of -$0.13, up 38.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $52.2 million, up 32.76% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.43 per share and a revenue of $241.15 million, indicating changes of +207.14% and +28.66%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Kura Sushi. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 7.86% decrease. At present, Kura Sushi boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Kura Sushi currently has a Forward P/E ratio of 141.02. This valuation marks a premium compared to its industry's average Forward P/E of 20.08.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.